I just hear on the radio that Philips has problems with some medical machine. This happned in the past and this was a big short for Philips. Now we hear almost the same so it would be likely that we are now in a last way down. I think for the future a other company will takeover the medical thing and Philips will invest more in hologram technology and 4d experience. We will see.
From my point of view, the current structure is as follows:
1-2-(i-ii-iii-iv-v into 3)-4 and currently the final 5 is building up. Although I don't really like the structure of the 4. It could also be a 1-2 1-2 or something completely different.
Please also note that you are analyzing the stock on the NYSE, but it is listed on the EURONEXT, so the price trend looks somewhat different in the original currency EURO. For example is your (B) higher than the actual pivot in your chart there.
1-2-(i-ii-iii-iv-v into 3)-4 and currently the final 5 is building up. Although I don't really like the structure of the 4. It could also be a 1-2 1-2 or something completely different.
Please also note that you are analyzing the stock on the NYSE, but it is listed on the EURONEXT, so the price trend looks somewhat different in the original currency EURO. For example is your (B) higher than the actual pivot in your chart there.
We will see how the whole thing plays out.
Have a good one.